NEW YORK (Reuters) – Dollar General Corp (DG.N) on Wednesday priced 26 million shares at $27 each in a secondary public offering that allowed certain shareholders to sell their stock, the company said in a statement. Private equity firm Kohlberg Kravis Roberts & Co owned 88 percent of Dollar General’s shares following the company’s public […]
HONG KONG (Reuters) – Private equity firm TPG is planning to exit China Grand Automotive Services Co Ltd through a stock listing, and has hired China International Capital Corp (CICC) and Goldman Sachs (GS.N) as lead managers, people familiar with the process told Reuters. The size and timing of the offer is still uncertain, but […]
Anchorage Capital Partners has closed its debut buyout fund, which will focus on special situation and turnaround opportunities in Australia. It secured A$200 million in capital commitments, with MVision serving as placement agent. PRESS RELEASE Anchorage Capital Partners (“Anchorage”), the Sydney based private equity firm which focuses on Australian mid market special situation and turnaround […]
(Reuters) – Travel and tourism IT firm Amadeus aims to raise up to 1.36 billion euros ($1.86 billion) when it returns to the Madrid stock exchange on later this month in Europe’s largest IPO this year. Amadeus, with 2.46 billion euros of revenues in 2009, was delisted four years ago when BC Partners and Cinven […]
Silver Lake Partners has acquired a 60% stake in payment processing company Mercury Payment Systems, for an undisclosed amount.
TAIPEI (Reuters) – A problem over an indirect state shareholding that is stalling Carlyle Group’s $1 billion deal for a stake in mobile phone firm Taiwan Mobile (3045.TW) must be sorted out by the parties involved, a Taiwan regulator said on Wednesday. Carlyle’s plan to exchange its stake in Taiwan cable TV company Kbro for […]
FRANKFURT/LONDON (Reuters) – U.S specialty chemicals maker Lubrizol (LZ.N) has joined other potential bidders in talks to buy German additives group Cognis, a source close to the matter told Reuters. The Financial Times paper had earlier reported that Lubrizol had approached Cognis for talks about a takeover that could value the target at around 3 […]
Rob Glassman has joined Bank of America Merrill Lynch as a managing director of healthcare banking. He previously was a partner with Orbimed Advisors.
Tom Prior has joined the Silverfern Group as a managing director of merchant banking. He previously was a senior managing director with Deutsche Bank's financial sponsors group in New York.
TA Associates has acquired a minority stake in Aurora Networks, a Santa Clara, Calif.-based developer of advanced optical transport systems for broadband networks. No financial terms were disclosed for the deal, in which TA bought shares from existing aurora details. Specific sellers were not identified, but aurora has raised over $60 million from firms like Sprout Group, Battery Ventures, ComVentures and Castile Ventures.